Inflation Report In Canada

CPI is up! The Rate of Inflation in Canada jumped to 3.2% beating the 3% expectation Naturally, Food & Gasoline led the way Anyone eating a Hamburger or filling up their vehicle gets this But what will it mean to the Bank of Canada Rate decision July 15th? The Bank understands Inflation in Canada is not the result of an overheated economy: quite the opposite. Inflation today is based on Supply Shocks in Oil & Cattle Another Bank of Canada pause on July 15th